Printer Friendly

Fears pound may sink below euro; business briefing.

THE pound could sink below parity with the euro, an economic forecaster has warned.

The Centre for Economics and Business Research (CEBR) said the UK economy was walking "five yards away from the edge of the cliff" and could be toppled by an "unexpected gust". Chief executive Douglas McWilliams said currency markets were currently betting on a Conservative general election victory and tougher action to address the UK's deficit - but if Labour showed signs of narrowing the gap, the pound could plunge.
COPYRIGHT 2009 Coventry Newpapers
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2009 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:Business
Publication:Coventry Evening Telegraph (England)
Date:Dec 29, 2009
Words:82
Previous Article:New tech to help improve training; DEVELOPMENT: GPSVision system nominated for innovation award.
Next Article:Tough times for employees; business briefing.


Related Articles
BANKS PROP UP THE EURO; Rescue move to stop slide.
Euro Slips As Global Recession Fears Mount, Yen Rises Despite Further Contraction In GDP.
Euro Continues To Be Weighed By Confirmation Of Dollar's Reserve Status, Record Drop In Employment.
US Dollar Down Despite Q2 GDP Revision - Testimony from Fed Chairman Bernanke on Thursday.

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters